Epion Holdings Ltd., pursuant to its anti-dilution top-up rights under a previous subscription
agreement, has purchased 5,499,109 common shares of Nautilus Minerals Inc.
in an issuance from treasury. As a result of this purchase, Epion
will hold approximately 21,849,109 of the issued and outstanding common shares
of Nautilus Minerals. Epion also owns 750,000 share purchase warrants,
pursuant to a prior agreement that are subject to restraints on exercise. To
Epion’s knowledge it is not a control person of Nautilus, as a result of this
purchase. An early warning report respecting this transaction has been filed
on SEDAR.
